The president s message threw cold water on wall street which was positive in the early going today. The dow ended the day down 375 points, just over 1 . Nasdaq lost 177 points and the s p fell 47. House Speaker Pelosi blasted the president s move saying President Trump is putting himself ahead of the country. The coronavirus continues to impact the United States at the highest levels of government. Today the joint chiefs of staff and top u. S. Military leaders went into quarantine. This after coast guard admiral charles ray tested positive for covid19. General mark milay and the chivas the army, navy, and air force have tested negative for the virus. They attended meetings with admiral ray last week. Its not clear how the admiral contracted the virus, but its not believed to be related to the outbreak at the white house. President trumps Senior Advisor Stephen Miller has tested positive for the virus now. Miller has reportedly been working remotely for the last five days. This comes a
Moves down again. Tom im looking for an entry point here. Purves ofael tallbacken make a separation of the equity activity we saw yesterday from bonds, and particularly from fx. Kit juckes said the same thing as well. This is very discrete to the equity markets yesterday. See it with the vix in almost two points some hour or so ago. Some improvement there. Jon i would agree with that. The japanese yen did nothing in the last 24 hours. Treasuries did nothing in the last 24 hours. The question we have to ask, is it just an equity event, or does it raise really serious questions about folio construction from here on . Lisa especially given the fact that people are talking about the death of the 60 40 portfolio. What will act as a hedge if you get a risk off move . This was a nero selloff just as the rally was a narrow rally, as there seems to be a blowing off afteram, a reevaluation things got pretty heady given the is more backdrop of Economic Data we are seeing. Jonathan it is payrolls
Years, you and your team have been charged with telling the story of the news media in society. Were going to talk today about news media and president s. When you think about that relationship from a macro standpoint, what has characterized the relationship between president s and the press throughout our history . Patty it is an interesting courtship, that relationship between the president s and the press. Early on during, the campaign years, the candidates want to woo the press. They want to put on the best face. They know the power of the press to get their message outside. But when they get in office and the confetti is down and the celebration is over, and the reality of governing comes in, and they realize that the role of the press is to be a watchdog, to be the peoples watchdog on government, to see how are they doing the job that they are doing. To be a check and balance on the president. Few president s enjoy being criticized. That is often the role of the press. So that re
At 1 00 p. M. Today. Time now for global exchange. Tom hong kong to beirut, berlin, brussels and washington come our bloomberg voices are on the ground this mornings top stories. We want to begin in china. Chinese vice premier liu he will travel to washington next week to sign the first phase of a u. S. Trade deal. Ranthe current enda cur joins us. In some ways, no surprise. Enda no surprise, but is the first indication that we will find this next week. It will be a pretty heavy delegation with the vice premier. Other trade and commerce related officials. We dont have much more detail be on. The Foreign Ministry didnt give much more detail. That agricultural goods are part of the agreement, but we dont know what else. While this is obviously a positive sign that the trade deal will go ahead, a lot of people will be looking for any final hiccups in the days before the signing, and of course, when the details come out, there will be a lot of scrutiny. Alix thank you very much. In beirut,
At the newseum, you and your team have been charged with telling the story of the news media in society. We will talk today about news media and president s. When you think about that relationship from a macro standpoint, what has characterized the relationship between president s and the press throughout our history . Patty it is an interesting courtship, the relationship between the president s and the press. Early on during the campaign, the candidates want to woo the press. They want to put on the best face and they know the power of the press to get their message outside. But when i get in office and the confetti is down in the celebration is over and the , reality of governing comes in, and they realize that the role of the press is to be a watchdog, to be the peoples watchdog on government, to see how are they doing the job that they are doing. To be a check and balance on the president. Few president s enjoy being criticized. That is often the role of the press. So that relatio